Slack nabs $120M at $1.12B valuation, not bad for a 1-year-old startup

Few pieces of corporate-oriented software have managed to build a following the way Slack has. It seems others agree too, given that the company just secured $120 million in funding through Google Ventures and Kleiner Perkins.

The funding round also comes with a $1.12 billion valuation. For some perspective, Slack just officially launched this past February (a beta began August of last year). Perhaps even more notable, Slack has done very little advertising – its growth has been almost entirely through word-of-mouth. This too in a field that is often known to move slow with new software.